LY iTECH(SZ:002600) Zheng Quan Shi Bao Wang·2025-04-28 12:48Core Insights - The company, Lingyi Zhi Zao, reported a strong performance in Q1 2025, with revenue of 11.494 billion yuan, a year-on-year increase of 17.11%, and a net profit attributable to shareholders of 565 million yuan, up 23.52% [1] - The company has achieved over 10 billion yuan in quarterly revenue for three consecutive quarters and has seen double-digit year-on-year growth for five consecutive quarters, indicating a clear profit turning point since Q3 2024 [1] - Lingyi Zhi Zao is advancing its strategic layout through various initiatives, including partnerships, share buybacks, and acquisitions, particularly focusing on humanoid robots and AI technologies [1] Financial Performance - In Q1 2025, the company's net profit excluding stock incentive amortization was 641 million yuan, reflecting a 37.59% year-on-year growth [1] - The company plans to distribute approximately 140 million yuan in cash dividends for the 2024 fiscal year, with total cash dividends and share buybacks amounting to 200 million yuan, representing 11.41% of the annual net profit [3] - Over the three years from 2022 to 2024, the cumulative amount of dividends and buybacks reached 1.727 billion yuan, accounting for 31.98% of the net profit during that period [3] Strategic Developments - Lingyi Zhi Zao has entered a strategic partnership with the Beijing Humanoid Robot Innovation Center, focusing on providing high-quality humanoid robot hardware and facilitating application scenarios for training and testing [2] - The company reported revenue of 2.117 billion yuan from its automotive and low-altitude economy business in 2024 and announced plans to acquire Jiangsu Keda Automotive Technology Co., enhancing its position in the automotive parts sector [2] - The acquisition aims to transition the company from a Tier 2 to a Tier 1 supplier in the automotive industry, significantly increasing its value and creating new profit growth points [2]